Robinhood Broker-Dealers Pay $45 Million in Penalties for Regulatory Violations
Two related broker-dealers of Robinhood have agreed to pay $45 million combined in penalties to settle administrative charges brought by the Securities and Exchange Commission (SEC) over various regulatory violations. The SEC alleged that Robinhood’s subsidiaries, Robinhood Securities LLC and Robinhood Financial LLC, failed to report suspicious trading activity, implement adequate identity theft protections, and … Read more